Common use of Unanimous Consent Clause in Contracts

Unanimous Consent. Any waiver of or any amendment to a provision of the Loan Documents which relates to: (i) a change in the types of Borrowings or interest periods related thereto, interest rates, standby fees, the Margin, notice periods or the amount of any payments payable by the Borrower to the Lenders under this Agreement and including any waiver of the time of payment of any amounts payable to the Lenders under this Agreement including, without limitation, the provisions of Section 9.1(a); (ii) an increase or decrease in the Commitment of any Lender other than as contemplated herein; (iii) an assignment or transfer by the Borrower of any of its rights and obligations under this Agreement; (iv) a change in the definition of Majority Lenders or Maturity Date or any other definition to the extent relevant to any of the provisions of this Section 11.12(a); (v) any matter which, pursuant to the Loan Documents, specifically requires the consent or agreement of all of the Lenders; (vi) the provisions of Section 8.1(q), 11.12(a) or 11.12(b); or (vii) any release or material amendment to the Loan Party Guarantee; shall bind the Lenders only if such waiver or amendment is agreed to in writing by all of the Lenders.

Appears in 2 contracts

Samples: Credit Agreement (PENGROWTH ENERGY Corp), Credit Agreement (PENGROWTH ENERGY Corp)

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Unanimous Consent. Any waiver of or any amendment to a provision of the Loan Documents which relates to: (i) a change in the types of Borrowings or interest periods related thereto, interest rates, standby fees, the Margin, notice periods or the amount of any payments payable by the Borrower to the Lenders under this Agreement and including any waiver of the time of payment of any amounts payable to the Lenders under this Agreement including, without limitation, the provisions of Section 9.1(a); (ii) an increase or decrease in the Commitment of any Lender other than as contemplated herein; (iii) an assignment or transfer by the Borrower of any of its rights and obligations under this Agreement; (iv) a change in the definition of Majority Lenders or Maturity Date or any other definition to the extent relevant to any of the provisions of this Section 11.12(a); (v) any matter which, pursuant to the Loan Documents, specifically requires the consent or agreement of all of the Lenders; (vi) the provisions of Section 8.1(q8.1(t), 11.12(a) or 11.12(b); or (vii) any release or material amendment to the Loan Party GuaranteeGuarantee or the Subordination Agreement; shall bind the Lenders only if such waiver or amendment is agreed to in writing by all of the Lenders.

Appears in 1 contract

Samples: Credit Agreement (Pengrowth Energy Trust)

Unanimous Consent. Any waiver of or any amendment to a provision of the Loan Documents which relates to: (i) a change in the types of Borrowings or interest periods related theretoBorrowings, decreases in interest rates, standby fees, Utilization Fees, the Margin, notice periods or decreasing the amount of any payments payable by the Borrower to the Lenders under this Agreement and including or any waiver of the time of payment of any amounts payable to the Lenders under this Agreement including, without limitation, the provisions of Section 9.1(a)Agreement; (ii) an increase or decrease in the Commitment of any Lender other than as contemplated provided for herein; (iii) an assignment or transfer by the Borrower of any of its rights and obligations under this AgreementAgreement other than as provided for herein; (iv) a change in the definition of "Majority Lenders or Lenders", "Maturity Date Date", "Designated Subsidiary" or any other definition to the extent relevant to any of the other provisions of this Section 11.12(a); (v) any matter which, pursuant to the Loan Documents, specifically requires the consent or agreement of all of the Lenders; (vi) the provisions of Section 8.1(q), 8.2 or this Section 11.12(a) or 11.12(b); or (vii) any release an Event of Default under Section 9.1(a) or material amendment to the Loan Party Guarantee9.1(b); shall bind the Lenders only if such waiver or amendment is agreed to in writing by all of the Lenders. In addition, any waiver of or amendment to any provision of the Loan Documents which relates to an increase in the Commitment of any Lender shall bind that Lender only if agreed to in writing by such Lender.

Appears in 1 contract

Samples: Credit Agreement (Prima Energy Corp)

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Unanimous Consent. Any waiver of or any amendment to a provision of the Loan Documents which relates to: (i) a change in the types of Borrowings or interest periods related thereto, interest rates, standby fees, the Margin, notice periods or the amount of any payments payable by the Borrower to the Lenders under this Agreement and including any waiver of the time of payment of any amounts payable to the Lenders under this Agreement including, without limitation, the provisions of Section 9.1(a); (ii) an increase or decrease in the Commitment of any Lender other than as contemplated herein; (iii) an assignment or transfer by the Borrower of any of its rights and obligations under this Agreement; (iv) a change in the definition of Majority Lenders or Maturity Date or any other definition to the extent relevant to any of the provisions of this Section 11.12(a); (v) any matter which, pursuant to the Loan Documents, specifically requires the consent or agreement of all of the Lenders; (vi) the provisions of Section 8.1(q8.1(v), 11.12(a) or 11.12(b); or (vii) any release or material amendment to the Loan Party Trust Guarantee, any Designated Subsidiary Guarantee or the Subordination Agreement; shall bind the Lenders only if such waiver or amendment is agreed to in writing by all of the Lenders.

Appears in 1 contract

Samples: Credit Agreement (Pengrowth Energy Trust)

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